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banks, caused by growing fiscal flows at the end of the year. Budget operations are characterised by a time gap between the accumulation of revenues,

as a 1.5 trillion increase in budget expenditures in 2024, resulting in a higher structural primary budget deficit. In addition, the following new proinflationary

as a Р1.5 trillion increase in budget expenditures in 2024, resulting in a higher structural primary budget deficit. In addition, the following new proinflationary

operations. Institution’. Regional and local budget funds are treasury accounts balances of the regional budgets and local budgets. Other budget funds are total funds of

of Russia Main Branches posted on the Bank of Russia website Regional budgets No. 30 4 September Export opportunities for businesses 2024 Industry focus. Steel

not involve an increase in budget expenditures – and that is not what we are discussing. It is not about increasing budget expenditures but about reallocating

разрыв ставки Ruonia. (8) Цена нефти i = export (цена экспортируемой Россией нефти); budget (цена нефти, закладываемая Минфином в расчет бюджетных параметров); Brent (цена нефти марки

budget projections in autumn 2023 will cause an increase in expenditures of regional budgets and extra-budgetary funds. Instead of the planned reduction in federal budget

can be driven by the government budget, which has provided a stronger stimulus than earlier assumed. The published budget projections raise the maximum 4 Rosstat

and services. Additional fiscal spending and the related expansion of the federal budget deficit in 2024 have proinflationary effects. Further tightening of monetary policy is